1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cupoosta [38]
3 years ago
12

Marietta told the management team that the company would have to find a new way to produce the vitamin because the Food and Drug

Administration had recently banned "nofon," the key ingredient in their product. The standard set by the FDA is a type of?
a. traffic barrier
b. trademark
c. intellectual property law
d. private action
e. product safety law
Business
1 answer:
vichka [17]3 years ago
4 0

Answer:

Product Safety Law

Explanation:

The Food and Drugs Administration is an agency that regulates and control product in line with best safety practice in the country. the ban on nofon (a key ingredient in vitamin, suggest that the product of the company if produced with nofon violates the regulatory agency pronouncement. Being a product regulatory agency, they work to ensure the safety of comsumer product available to end users.  

The company would be exposed to regulatory fines and posible closure.

You might be interested in
The indirect method for the preparation of the operating activities section of the statement of cash flows: Group of answer choi
weqwewe [10]

Answer:

Reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.

Explanation:

FASB is an acronym for Financial Accounting Standards Board. The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors. It was founded in 1972 but began operations fully on the 1st of July, 1973 by replacing the Accounting Principles Board (APB) and American Institute of Certified Public Accountants (AICPA).

When the operating activities section of the statement of cash flows is reported using the indirect method, the FASB requires that, you report net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.

Hence, the indirect method for the preparation of the operating activities section of the statement of cash flows reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.

Some examples of operating activities are cash revenue from the sales of a product, cash paid as an expense for merchandise etc.

3 0
3 years ago
Myriad Solutions, Inc. issued 10% bonds, dated January 1, with a face amount of $320 million on January 1, 2021, for $283,294,72
otez555 [7]

Answer:

The net amount of the liability Myriad would report in its balance sheet at December 31, 2021 is $287,524,896

Explanation:

First, we need to determine the amount of discount on the bond at the time of issuance

Discount on Bond = Face value - Issuance value = $320,000,000 - $283,294,720 = $36,705,280

June 30, 2021

Now we will use the effective interest method to calculate the amortization of discount on the bond.

Amortization of Discount = ( Carrying Value x Market yield ) - ( Face value x Coupon rate ) = ( $283,294,720 x 12% ) - ( $320,000,000 x 10% ) = $33,995,366.4 - $32,000,000 = $1,995,366.4 = $1,995,366

Carrying value = $283,294,720 + $1,995,366 = $285,290,086

December 31, 2021

Now we will use the effective interest method to calculate the amortization of discount on the bond.

Amortization of Discount = ( Carrying Value x Market yield ) - ( Face value x Coupon rate ) = ( $285,290,086 x 12% ) - ( $320,000,000 x 10% ) = $34,234,810.32 - $32,000,000 = $2,234,810.32 = $2,234,810

Carrying value = $285,290,086 + $2,234,810 = $287,524,896

5 0
3 years ago
Department G had 3,600 units, 40% completed at the beginning of the period, 12,000 units were completed during the period, 2,000
serious [3.7K]

Answer:

<u>Equivalent Units Materials    10400      </u>

<u>   Equivalent Units  Conversion 10960     </u>

<u>Cost Per Equivalent Unit   Materials      $9.8365 </u>

<u>Cost Per Equivalent Unit D.  Labor      $ 7.2810 </u>

<u>Cost Per Equivalent Unit    FOH     $ 2.2992</u>

Explanation:

Particulars       Units        % of Completion               Equivalent Units

                                      Materials Conversion      Materials Conversion

Complete     12000        100          100                12000         12000

Add EWIP     2000        100           20                 2000             400

<u>Less BWIP    3600        100           40                 3600            1440         </u>

<u>Equivalent Units                                                  10400         10960     </u><u> </u>

<u />

<em><u>In FIFO as the name suggests we take out the units first completed. So we deduct the Beginning Work in Process (BWIP) from the sum of completed units and ending work in process (EWIP).</u></em>

<em />

Costs added during period: Direct materials  Direct labor  Factory overhead                          

                                   (10,400 at $9.8365)

                                                102,300          79,800          25,200

<u>Equivalent Unit                         10400           10960           10960</u>

<u>Cost Per Equivalent Unit         $9.8365        7.2810          2.2992</u>

<u />

<u />

3 0
3 years ago
Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded
inna [77]

EAR = (1 + periodic interest rate)^N - 1

<u>9.25 % Quarterly %</u>

EAR = (1+\frac{0.0925}{4})^{4}  - 1 = 0.09575 or 9.58%

<u>16.75 Monthly % </u>

EAR = (1+\frac{0.1675}{12})^{12}  - 1  = 0.1809766 or 18.10%

<u>15.25 Daily % </u>

EAR = (1+\frac{0.1525}{365})^{365}  - 1  = 0.1647053 or 16.47%

<u>11.25 Semiannually %</u>

EAR = (1+\frac{0.1125}{2})^{2}  - 1  = 0.115664 or 11.57%

4 0
4 years ago
Dana, Inc. recently completed 56,000 units of a product that was expected to consume 4 pounds of direct material per
AysviL [449]

Answer:

$34,000 Units

Step by Step Explanation:

Direct Material Quantity Variance

= SP x (AQ – SQ Allowed)

Therefore:

SQ allowed: $56,000 units x 4 lbs = $224,000 lbs.

Direct Material Quantity Variance: $8.50 x ($228,000 lbs – $224,000 lbs) = $34,000 Units

The direct material quality variance is $34,000 Units

4 0
3 years ago
Other questions:
  • Candice wants to buy a 2500 scooter with a loan from her bank.
    11·2 answers
  • ___the agency responsible for monitoring illbess and outbreak of widespread infection in the united states. Multiple choice
    5·1 answer
  • Label the following scenarios as examples of elastic, inelastic, or unit elastic demand. When Ruko, a device used to stream movi
    9·1 answer
  • A buyer is closing on the purchase of a residence. The taxes for the year are estimated to be $4,780. The closing date is Januar
    15·1 answer
  • When Ingrid was selling her house, she contacted Gabe, her real estate agent, to help her with the sale. Gabe's services include
    5·1 answer
  • Luis refuses to shop at big box stores, preferring to do his shopping locally. He reads in the paper that one of these stores wi
    13·1 answer
  • Firms in a perfectly competitive market are said to be "price takers"—that is, once the market determines an equilibrium price f
    10·1 answer
  • Classify each of the statements as true or false.
    14·1 answer
  • What might cause a demand curve to shift to the right?
    8·1 answer
  • All of a company's depreciation, property taxes, and insurance premiums are considered manufacturing overhead.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!